Asaak, with a $10 million valuation cap, is raising funds on Republic. The company is focused on unlocking financial services for Africans through asset-backed loans. It has created an end-to-end lending marketplace helping Africans access financial services and investors to invest directly in loans. Kaivan Sattar founded Asaak in 2017 and has raised over $4.4 million since the inception. The proceeds of the current crowdfunding round, with a minimum raise of $25,000 and a maximum raise of $250,000, will be used for growth and expansion. Asaak has disbursed over 1,300 loans with an on-time payment collection rate of 95%. The company became profitable in the fourth quarter of 2020 and has a gross margin of 39% and a profit margin of 17%.